Download this Nevada Irrevocable Living Trust form which is a document that allows you as the grantor to choose how your assets and property will be distributed to your loved ones. This form creates a separate entity for your chosen assets and property to be set aside and disbursed as you provide in the document. A trust is flexible in that you can specify how and when you want the funds disbursed. A trust provides continuity in that it is created during life of the grantor and continues after his or her death. An irrevocable trust is not meant to be changed or modified once it is created. If created properly, the grantor’s assets in the trust may not be included in the grantor’s taxable estate.